Jim Puplava interviewed Marc Faber on Financial Sense Online this weekend. Puplava asked Faber what he would be buying now. Faber said he'd be selling things, not buying them, and reported holding a lot of cash right now. He also said that, for the short-term, he's not bearish on the US Dollar.
Like I've said before, I've never bought or sold a stock because of anything Faber has written or said. Ditto with Jim Rogers. But I do find both men interesting and worth paying attention to. And if you feel that way about Faber, you'll want to give this interview a listen if you haven't already.
Thanks for the lead on the Mark Faber interview. He in a sense put words to my suspicions. Jim Rogers is also a favorite of mine; Jim Grant as well. All good balances to the shouting heads on CNBC.
Posted by: Peter | January 23, 2007 at 10:17 AM
Peter: Yeah, it's always good to get a wide variety of perspectives. Thanks for reading.
Posted by: John | January 23, 2007 at 11:18 AM
CNBC?
I wouldn't watch that for a minute, i would rather watch bloomberg if i need any info,
anyways marc faber has a record of being right 99% of the time.
He is a wonderful person, and a darn good economist.
There is no reason to be suspicious of him, all he says are usualy easely checked in google.
There is however reason to distrust what CNBC says since 99% of the time is propaganda, false info, and misleading.
Posted by: trix | February 03, 2007 at 12:42 PM
trix: I'm certainly not suspicious of Faber. I don't know if he's right 99% of the time, but his selections in the Barron's Roundtables are money-makers.
Posted by: John | February 03, 2007 at 05:00 PM